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Waukesha shopping center sold for $16 million

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Waukesha shopping center sold for $16 million














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A Waukesha shopping center has been sold from one national investor to another for $16.4 million, according to state records. Silvernail Plaza, located on a 13.5 acre site at 2100 Silvernail Road near the border with the City of Pewaukee, is currently anchored by Metro Market and Dollar Tree stores, and also has a tanning

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Hunter Turpin

Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A recent graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.





A Waukesha shopping center has been sold from one national investor to another for $16.4 million, according to state records.

Silvernail Plaza, located on a 13.5 acre site at 2100 Silvernail Road near the border with the City of Pewaukee, is currently anchored by Metro Market and Dollar Tree stores, and also has a tanning salon, H&R Block and other smaller tenants.

The strip mall portion of the center sold for $12.3 million, state records show, with three of its commercial outlots selling for $4.1 million. Those outlots include a Firestone Auto Care, Arby’s and Wendy’s.

The properties were purchased by an affiliate of Cincinnati-based Essential Growth Properties, which invests in retail centers nationally, it’s website shows.

Essential Growth bought the properties from an affiliate of Minneapolis-based United Properties, another national commercial real estate firm.

Silvernail Plaza is marketed locally by Mid-America Real Estate and currently has about 9,700 square feet of space available, according to marketing materials for the property.








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